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Author : Philipp Hartmann
Publisher : Cambridge University Press
Page : 212 pages
File Size : 52,6 Mb
Release : 1998-12-10
Category : Business & Economics
ISBN : 9780521632737
A study of international currencies which focuses on the role of the Euro.
Author : Jessica James,Ian Marsh,Lucio Sarno
Publisher : John Wiley & Sons
Page : 674 pages
File Size : 41,7 Mb
Release : 2012-05-29
Category : Business & Economics
ISBN : 9781118445778
Praise for Handbook of Exchange Rates “This book is remarkable. I expect it to become the anchor reference for people working in the foreign exchange field.” —Richard K. Lyons, Dean and Professor of Finance, Haas School of Business, University of California Berkeley “It is quite easily the most wide ranging treaty of expertise on the forex market I have ever come across. I will be keeping a copy close to my fingertips.” —Jim O’Neill, Chairman, Goldman Sachs Asset Management How should we evaluate the forecasting power of models? What are appropriate loss functions for major market participants? Is the exchange rate the only means of adjustment? Handbook of Exchange Rates answers these questions and many more, equipping readers with the relevant concepts and policies for working in today’s international economic climate. Featuring contributions written by leading specialists from the global financial arena, this handbook provides a collection of original ideas on foreign exchange (FX) rates in four succinct sections: • Overview introduces the history of the FX market and exchange rate regimes, discussing key instruments in the trading environment as well as macro and micro approaches to FX determination. • Exchange Rate Models and Methods focuses on forecasting exchange rates, featuring methodological contributions on the statistical methods for evaluating forecast performance, parity relationships, fair value models, and flow–based models. • FX Markets and Products outlines active currency management, currency hedging, hedge accounting; high frequency and algorithmic trading in FX; and FX strategy-based products. • FX Markets and Policy explores the current policies in place in global markets and presents a framework for analyzing financial crises. Throughout the book, topics are explored in-depth alongside their founding principles. Each chapter uses real-world examples from the financial industry and concludes with a summary that outlines key points and concepts. Handbook of Exchange Rates is an essential reference for fund managers and investors as well as practitioners and researchers working in finance, banking, business, and econometrics. The book also serves as a valuable supplement for courses on economics, business, and international finance at the upper-undergraduate and graduate levels.
Author : Herbert Giersch
Publisher : Unknown
Page : 320 pages
File Size : 40,8 Mb
Release : 1992-06-19
Category : Electronic
ISBN : 3642772684
This volume examines key aspects of international economic theory and policy. Six papers deal with money and exchange rates. They discuss historical evidence on free banking, the question whether speculation in foreign exchange markets is stabilizing or destabilizing, the insulation properties of flexible exchange rates, the economics of the Louvre Accord, some basic issues of the German Monetary Union and the merits offinancial liberalization in developing countries. Five papers deal with international trade. They focus on the integration of fiscal policy into thetheory of international trade, theoretical aspects of international factor flows, the relation between trade restrictions and exchange rates, the recent shift of the United States trade policy toward agressive unilateralism and the theory and practice of commercial policies since 1945. Of the remaining two papers, one discusses basic concepts of welfare economies while the other reassesses the vital link between competition and economic growth. The contributors include internationally renowned scholars. The volume is dedicated to the memory of Egon Sohmen, who was one of the prominent early advocates of flexible exchange rates.
Author : Laurence Krause
Publisher : Routledge
Page : 314 pages
File Size : 54,8 Mb
Release : 2019-07-11
Category : Political Science
ISBN : 9781000312898
I began serious consideration of the issues and subject matter that comprise this book as a graduate student at the University of Massachusetts at Amherst. In need of a dissertation topic and vaguely curious about international monetary economics, I decided to sit in on Leonard Rapping's undergraduate course on international finance. Needless to say, I was soon hooked. Within several months I was teaching my own course on international money and beginning to write an outline of what would become my doctoral dissertation on foreign exchange speculation. Once completed the dissertation thesis became this basis for this book.
Author : Raymond G. F. Coninx
Publisher : Unknown
Page : 184 pages
File Size : 51,5 Mb
Release : 1980
Category : Buitelandse valuta
ISBN : UCSC:32106005173106
Author : Heinz Riehl,Rita M. Rodriguez
Publisher : McGraw Hill Professional
Page : 484 pages
File Size : 45,7 Mb
Release : 1983
Category : Business & Economics
ISBN : 0070526710
Provides an expanded treatment of exchange markets and introduces a broad treatment of money market.
Author : Gregory Rehmke
Publisher : Penguin
Page : 13 pages
File Size : 41,7 Mb
Release : 2010-11-02
Category : Business & Economics
ISBN : 9781101463055
When Wall Street stubs a toe, markets around the world say "ouch!" But exactly how the foreign exchange market works is a mystery that can give you a migraine. Come out from the covers! This book provides the grounding you need to grasp this confusing aspect of the global economy.
Author : Barry Eichengreen,Arnaud Mehl,Livia Chitu
Publisher : Princeton University Press
Page : 272 pages
File Size : 51,9 Mb
Release : 2017-10-23
Category : Business & Economics
ISBN : 9781400888573
A powerful new understanding of global currency trends, including the rise of the Chinese yuan At first glance, the modern history of the global economic system seems to support the long-held view that the leading world power’s currency—the British pound, the U.S. dollar, and perhaps someday the Chinese yuan—invariably dominates international trade and finance. In How Global Currencies Work, three noted economists provide a reassessment of this history and the theories behind the conventional wisdom. Offering a new history of global finance over the past two centuries, and marshaling extensive new data to test established theories of how global currencies work, Barry Eichengreen, Arnaud Mehl, and Livia Chiţu argue for a new view, in which several national monies can share international currency status, and their importance can change rapidly. They demonstrate how changes in technology and in the structure of international trade and finance have reshaped the landscape of international currencies so that several international financial standards can coexist. They show that multiple international and reserve currencies have in fact coexisted in the pastupending the traditional view of the British pound’s dominance prior to 1945 and the U.S. dollar’s dominance more recently. Looking forward, the book tackles the implications of this new framework for major questions facing the future of the international monetary system, from whether the euro and the Chinese yuan might address their respective challenges and perhaps rival the dollar, to how increased currency competition might affect global financial stability.
Author : Alastair Graham
Publisher : Routledge
Page : 152 pages
File Size : 41,5 Mb
Release : 2013-10-31
Category : Business & Economics
ISBN : 9781135967611
The Currency Risk Management series offers readers, researchers, and financial professional a time-tested training tool for understanding and working in the increasingly complex currency markets. This series breaks new ground in simplicity, clarity, and ease of application in risk management practice.
Author : Henry Thompson
Publisher : World Scientific
Page : 492 pages
File Size : 45,9 Mb
Release : 2001
Category : Business & Economics
ISBN : 9810244533
This textbook describes and predicts production, trade and investment across countries. Using graphs and numerical examples, it describes the foundations of international trade and investment, including constant cost, neoclassical, and modern theories of production, industry and trade.
Author : R. Hodrick
Publisher : Routledge
Page : 185 pages
File Size : 43,8 Mb
Release : 2014-05-01
Category : Business & Economics
ISBN : 9781136455216
First Published in 2001. Routledge is an imprint of Taylor & Francis, an informa company.
Author : William D. Gerdes
Publisher : Business Expert Press
Page : 98 pages
File Size : 45,7 Mb
Release : 2014-10-14
Category : Business & Economics
ISBN : 9781606498217
In an increasingly interdependent global economy, an understanding of foreign exchange markets is more critical than ever. These markets are inextricably entwined with underlying monetary standards and consequently they are treated conjointly in this book. Four different foreign exchange rate regimes are analyzed including exchange rates under commodity money, fiduciary money, fiat money (with fixed exchange rates), and fiat money (with flexible exchange rates). For more than eight decades, most ountries have operated with fiat money. Proponents maintain that fiat money provides individual countries with much greater monetary autonomy. Yet both analytics and experience indicate that this is not always the case. Whether a country has more monetary autonomy depends on whether fiat money is paired with fixed or flexible exchange rates. Although flexible exchange rate regimes are not without their critics, it has become increasingly apparent that fiat money with flexible rates provides individual countries much greater monetary autonomy. This arrangement allows participants in foreign exchange markets greater latitude for adjusting to the wide variations in national monetary policies that are prevalent with fiat money. Several audiences may find this book beneficial: undergraduate students in economics and finance, students of inter national business, graduate students, students in executive programs who need to expand their knowledge of international finance, and practicing executives and managers— especially those who are employed by companies operating globally.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 96 pages
File Size : 51,6 Mb
Release : 2003-03-28
Category : Business & Economics
ISBN : 9781589061774
This paper reviews developments and issues in the exchange arrangements and currency convertibility of IMF members. Against the backdrop of continuing financial globalization and a series of emerging market crises since 1997, there have been important changes in the evolution of exchange rate regimes and the pace of liberalization of current and capital transactions among IMF member countries. There has been a shift away from intermediate regimes according to the IMF's official exchange rate regime classification system based on de facto exchange rate policies. The de facto exchange rate classification system has helped to clarify the nature and role of members' exchange rate regimes. It has facilitated discussions with country authorities about the implementation of exchange rate regimes and hence has contributed to more effective surveillance of the international monetary system. The use of exchange controls appears to have been little influenced by the degree of flexibility of exchange rate regimes or the occurrences of currency crises.
Author : United States. General Accounting Office
Publisher : Unknown
Page : 16 pages
File Size : 40,5 Mb
Release : 1993
Category : Foreign exchange
ISBN : STANFORD:36105127335540
Author : Jeffrey A. Frankel,Giampaolo Galli,Alberto Giovannini
Publisher : University of Chicago Press
Page : 358 pages
File Size : 48,7 Mb
Release : 2009-05-15
Category : Business & Economics
ISBN : 9780226260235
The foreign exchange market is the largest, fastest-growing financial market in the world. Yet conventional macroeconomic approaches do not explain why people trade foreign exchange. At the same time, they fail to explain the short-run determinants of the exchange rate. These nine innovative essays use a microstructure approach to analyze the workings of the foreign exchange market, with special emphasis on institutional aspects and the actual behavior of market participants. They examine the volume of transactions, heterogeneity of traders, the time of day and location of trading, the bid-ask spread, and the high level of exchange rate volatility that has puzzled many observers. They also consider the structure of the market, including such issues as nontransparency, asymmetric information, liquidity trading, the use of automated brokers, the relationship between spot and derivative markets, and the importance of systemic risk in the market. This timely volume will be essential reading for anyone interested in the economics of international finance.